The World Bank has announced a $250m financing package to improve municipal infrastructure and services in Uzbekistan. The country is experiencing rapid, uncoordinated urbanisation amid ageing utility and social infrastructure,…

The World Bank Group has debarred a Turkey-based engineering company, citing fraudulent and obstructive practices in a World Bank-funded emergency infrastructure restoration programme in Iraq. The bank said Kontrolmatik Teknoloji…

The World Bank has approved a $156m loan for the rehabilitation of Guyana’s roads to protect them against flooding and storms. Over 60% of the country’s road network consists of…

The World Bank has approved a $250m credit to fund the first phase of what could be the biggest hydroelectric project in the world: Inga 3 in the Democratic Republic…

The World Bank has signed off on a $150m financing package for Nepal’s Third Bridges Improvement and Maintenance Program. The money will be spent on increasing the organisational capacity of…

A conference held in Tanzania last week to progress the electrification of Africa has resulted in a pledge to spend more than $50bn on expanding the continent’s grids and generating…

The International Finance Corporation (IFC), part of the World Bank, will lend $301m to a developer in Mexico to build “affordable, green housing”. The loan is going to developer and…

The West African country of Gabon has signed a contract with the operator of its only railway to begin the second phase of its modernisation. The deal was agreed by…

The World Bank has allocated $1bn in extra funding to build Pakistan’s largest hydropower plant. The Dasu Hydropower Plant will be on the Indus River near the town of Dasu…

The World Bank, through its International Development Association, has approved a $200m loan to fund improvements on one of Tanazania’s two main railways, the narrow-gauge line running 970km between the…